Terms of Use for blockdag.network
Introduction
Welcome to blockdag.network. The Terms of Use ('Terms') is your guide on how to access our website and services. By accessing or using BlockDAG Network, you agree to be bound by these Terms and acknowledge that they constitute a legal agreement between you and BlockDAG Network.
1. Description of Service
BlockDAG Network offers a digital platform for the presale of the BlockDAG (BDAG) coins. Our services are designed to facilitate users participating in the presale, subject to meeting our presale goals.
2. Disclaimer
The content and materials on blockdag.network are provided for general information purposes only. They are not intended as financial, investment, legal, or other professional advice. All information regarding the potential project and presale of BDAG coins is tentative and subject to change. BlockDAG network is operated by DAG Systems LTD.
3. Risk Acknowledgement
Cryptocurrency investment holds a higher risk level. You acknowledge that the value of BDAG coins is highly volatile and that the project is dependent on the success of the presale. BlockDAG Network does not guarantee any specific outcomes or the successful launch of the project.
4. Eligibility and Participation
To participate in the presale, you must meet specific eligibility criteria, which may include age, jurisdiction, and compliance with relevant laws. It is your responsibility to ensure that you are legally allowed to participate in the presale in your jurisdiction.
5. No Liability
BlockDAG Network, its affiliates, and its officers shall not be liable for any loss or damage arising from your participation in the presale or use of the website. You agree to indemnify and hold harmless BlockDAG Network from any claims, damages, or expenses arising from your breach of these Terms.
6. Intellectual Property
All content on blockdag.network, including text, graphics, logos, and images, is the property of BlockDAG Network or its licensors and is protected by copyright and intellectual property laws.
7. Changes to the Terms
BlockDAG Network has the right to update and modify these Terms at any time. We will provide notice of any significant changes, and your continued use of the website following such changes will constitute your acceptance of the new Terms.
8. Governing Law
These Terms shall be governed by and construed in accordance with the laws of the jurisdiction where BlockDAG Network is registered, without regard to its conflict of law provisions.
9. Contact Us
If you have questions about this Terms Of Use, please contact us at [email protected].
faqs
Answers for Common Questions
What is BlockDAG Network (BDAG)?
BlockDAG, inspired by the efforts of Bitcoin, is a state-of-the-art cryptocurrency that plans to make mobile mining accessible for all. With a go-to-market strategy, our goal is to advance the crypto industry by blending the best of existing blockchain technologies with groundbreaking speed, flexibility, and innovation.
Is crypto mining profitable?
Crypto mining is very profitable, especially in 2024. With BlockDAG’s mobile mining app, users can easily mine BDAG coins at the convenience of their homes. They also offer X Series mining machine variants, from which you can mine from 20 to 2,000 BDAG’s per day.
Where can I get more technical details about the BlockDAG?
For an in-depth exploration of BlockDAG’s technical aspects, refer to the 'BlockDAG Technical Blueprint' in our DAGpaper v1. This section offers a detailed analysis of consensus mechanisms, cryptographic breakthroughs, scalability strategies, smart contract capabilities, tokenomics, and the network's governance model.
How do I activate the miner?
Connect your ASIC miners to reliable power supplies. The stability of your setup is critical for efficient mining operations.
How to Link Miners to the Network?
Link the ASIC miners to your router or switch using Ethernet cables. ASIC miners typically lack Wi-Fi connectivity for enhanced reliability during mining.
How to Assign IP Addresses?
Access your router's interface from a computer within the same network to identify the IPs allocated to each ASIC miner. For streamlined monitoring, consider assigning static local IPs through your router’s settings.
How to Access Configuration?
Enter the identified IP addresses of your ASIC miners into your web browser's address bar. This action should prompt a login page, typically accessible using default credentials provided in the manufacturer's manual.
How to set up configuration for a mining pool?
Navigate to the ASIC miner's control panel and access the mining pool configuration page. Follow the guidelines from your chosen mining pool to input the correct Protocol, Address, and Username/Address details to link your miners to the pool.
How to Prepare, Configure, and Start Mining?
Once configurations are set, your ASIC miner should be primed for mining. Check the miner’s control panel, usually featuring a mining status page to verify readiness.
How do I claim rewards?
Mining pools will direct your earned BDAG coins to the specified wallet address provided during configuration.
How to set up monitoring?
Consider configuring an external computer to act as a monitoring tool for your miners. Numerous solutions exist, so it's beneficial to join a mining community to select a widely used monitoring tool for efficient oversight.
Why is the six-month timeline from presale to mainnet launch significant?
The six-month window for launching the mainnet underscores BlockDAG’s bold approach. In a sector where development timelines can often stretch across several years, BlockDAG’s assertive promise underscores its drive and operational vigour, putting BDAG on the leading edge of crypto innovation and offering early adopters a privileged glimpse into one of the swiftest blockchain evolutions to date.
How do I start mining for BDAG?
To begin mining BDAG, simply download the BlockDAG app. This mobile application makes it easy to engage in the mining process and integration into the BlockDAG community.
Who can mine BDAG?
Mining is open to everyone. BlockDAG is dedicated to making cryptocurrency accessible and inclusive, breaking down barriers to entry for individuals from all walks of life.
Why is owning a part of BlockDAG before its release significant?
Historically, early involvement in the cryptocurrency domain has yielded considerable rewards. Pioneers such as Ethereum, Binance coin, and Polygon have offered their initial users a chance to be part of transformative blockchain developments. By securing a stake in BlockDAG from its inception, you are not merely investing - you are strategically positioning yourself at the vanguard of what might become the next significant stride in blockchain technology.
What sets BlockDAG apart from other crypto networks?
BlockDAG distinguishes itself with its groundbreaking commitment to roll out its mainnet within an ambitious six-month frame. This is a radical departure from the extended development cycles typical of the industry, signalling a major leap in operational agility and dynamism.
What consensus mechanism does the BlockDAG use?
BlockDAG is developing an advanced hybrid consensus mechanism.This mechanism is designed to validate transactions faster while maintaining high security.
How are BlockDAG coins (BDAG) distributed?
The total supply of BDAG is fixed at 150 billion, with distribution as follows: 33% (50 billion) is reserved for presale. 66% (98.5 billion) is designated for the community, subdivided into: Miners: 78.8 billion BDAG Community Building & Ecosystem: 14.8 billion BDAG Liquidity Pool: 4.9 billion BDAG
Why are miners allocated such a significant portion of BDAG?
Miners are pivotal to the BlockDAG ecosystem, responsible for validating and securing transactions. This significant allocation is a reward for their essential role in maintaining the integrity and expansion of the network.